U.S. stock prices rose slightly overnight on Sunday, as investors prepared for November’s first trading. Participants in the market are preparing for another week’s corporate earnings and a crucial Federal Reserve meeting on Wednesday. Also, October’s Jobs report is being analyzed.

Dow futures rose by 80 points S&P 500 futures gained 0.25% and Nasdaq 100 futures rose 0.3%.

On Friday, stocks closed their October month at record lows. All three major averages also closed at record highs. The S&P 500 and Nasdaq clinched their best months since November 2020.

The Dow Jones Industrial Average increased 5.8% last month. The S&P 500 rallied 6.9% last month and the technology-focused Nasdaq Composite added 7.3% in October. It was a significant rebound after September’s decline of the major indexes.

Oct was dominated by corporate earnings, despite solid earnings despite global supply chain issues. About half of the S&P 500 companies have reported quarterly results and more than 80% of them beat earnings estimates from Wall Street analysts, according to Refinitiv.

Investors will continue to monitor earnings season this week. They’ll also pay attention Tuesday and Wednesday at the Federal Reserve’s meeting. It is expected that the central bank will announce it will stop buying $120 billion monthly bonds and wind down the program completely by mid-2019.

Investors will be watching for comments from the Fed on inflation, which has reached a 30 year high.

Bleakley Advisory Group CIO Peter Boockvar stated that the Fed was part of a worldwide move to eliminate accommodation. The market, however, drives right past it. With this inflation move and response by central banks, it is like the stock market playing chicken.

Other big events for this week include Friday’s October Employment Report. This report could indicate some improvements in hiring as Covid-19 cases continue to fall.

Jim Paulsen is chief investment strategist of Leuthold Group. “The nonfarm payrolls change is expected be robust at 450K. This is likely to lower the unemployment rate again,” he said. The report will examine how wage inflation increases and whether labor participation rates finally rise after the recent influx of people who have received extended unemployment benefits.

—CNBC’s Patti Domm contributed to this report